In an effort to increase profitability in the face of intensifying competition, EV manufacturer Lucid Group said on Monday that it will lay off roughly 18% of its US personnel and that COO Marc Winterhoff has departed the firm. This was the company's second significant managerial move in recent months. The company's shares were down almost 4%, as reported by Reuters . The layoffs reflected the growing pressure on EV manufacturers like Lucid to control expenses as buyers move towards more affordable models and as profitability is impacted by growing competition from both established automakers and recent arrivals. ALSO READ | India's Fragmented Water Governance Raises Fiscal Risks, Warns Moody's The company, which employed over 9,000 people worldwide as of Dec. 31, 2025, stated that hourly factory workers, contractors, and full-time staff will all be impacted by the reduction. Additionally, it eliminated the second shift at its main EV production plant, the AMP-1...
Belgium vs Iran LIVE Updates, FIFA World Cup 2026 : Belgium and Iran square off in a must-win clash at the Los Angeles Stadium, knowing victory is vital to keeping their FIFA World Cup 2026 knockout dreams alive. While Belgium were held to a frustrating 1-1 draw by Egypt in their Group G opener, Iran showed immense grit to rescue a point against New Zealand after trailing twice. This marks only the second senior men's international meeting between the two nations, following Belgium's narrow 1-0 group-stage victory at the 2022 World Cup in Qatar. ( MATCH CENTRE LIVE ) Belgium vs Iran LIVE Score, FIFA World Cup 2026 LIVE Updates | BEL vs IRN LIVE, straight from Los Angeles Stadium: from NDTV News- Special https://ift.tt/s80BRcS via IFTTT